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IQ, EQ and the Financial Quotient

This show explores the definitions and relevance of an investor’s IQ, EQ and FQ. Major market events like the one that we have been experiencing these past few weeks puts us to the test on all three. The DALBAR Quantitative Analysis of Investor Behavior Study uncovers data that explains the mistakes that investors make. These mistakes tend to be driven by emotions and have caused investors to underperform broad markets significantly over the past 20 plus years. The show starts by discussing our intelligence quotient (IQ) which is a total score derived from a set of standardized tests designed to assess human intelligence. Next is our EQ. An average EQ score ranges from 90-100, with a perfect score measuring 160. Those who score high on this test tend to demonstrate tendencies to make an effort to understand and empathize with others. Those with below average EQ scores can increase their emotional intelligence by learning to reduce negative emotions. Finally, there is our FQ. Financial Quotient (FQ), also referred as financial intelligence (FI), financial intelligence quotient (FiQ) or financial IQ, is the ability to obtain and manage one’s wealth by understanding how money works. Like emotional quotient (EQ), FQ derived its name from IQ (intelligence quotient). Our financial wellbeing is the consequence of large and small financial decisions. A higher FQ score can be obtained and enhanced through education. Jason and Alex help listeners understand the importance of FQ, especially during times like these. 

 

In this show you will learn about:

–          How an investor’s IQ, EQ and FQ all play a role in their investment experience

–          Why the average investor has underperformed the broad markets 

–          How to improve your Financial Quotient

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The content of this radio show is provided for informational purposes only and should not be considered investment advice or a recommendation to buy or sell any types of securities. Mr. Labrum and Intelligence Driven Advisers/Financial Detox are not responsible for the consequences of any decisions or actions taken as a result of information provided in this radio show and do not warrant or guarantee the accuracy or completeness of the information provided. The information discussed today reflects the views of Mr. Labrum and his guest(s) as of the date of this show and are subject to change without notice.Past performance is no guarantee of future results. Any forward looking statements or forecasts are based on assumptions and actual results may vary from any such statements or forecasts. No reliance should be placed on any statements or forecasts when making any investment decision. Accordingly, listeners should not rely solely on the information provided today in making any investment decision.There is a risk of loss from investing in securities, including the risk of loss of principal. Different types of investments involve varying degrees of risk, and there can be no assurance that any specific investment will be profitable or suitable for a particular investor’s financial situation or risk tolerance. Asset allocation and portfolio diversification cannot assure or guarantee better performance and cannot eliminate the risk of investment losses.